Doximity (DOCS) Net Margin (2020 - 2026)
Doximity (DOCS) posted quarterly Net Margin of 13.15% for Q1 2026, down 3202.0% year-over-year from 0.42% in Q1 2025, and down 60.47% quarter-over-quarter from 33.27% in Q4 2025.
Doximity (DOCS) Net Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Net Margin for 7 consecutive years, with 13.15% the latest figure, recorded in Q1 2026.
- In Q1 2026, Net Margin fell 3202.0% year-over-year to 13.15%; the TTM figure through Mar 2026 stood at 30.4% (down 873.0% YoY), while the FY2026 annual figure was 30.4%, down 873.0% from the prior year.
- Net Margin slipped to 13.15% in Q1 2026 per DOCS's latest filing, from 33.27% in the prior quarter.
- Across five years, Net Margin topped out at 45.17% in Q1 2025 and bottomed at 13.15% in Q1 2026.
- Historically, Net Margin has averaged 32.01% across 5 years, with a median of 32.66% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin jumped 2348 bps — and 2026, when it plunged 3202 bps.
- Doximity's Net Margin stood at 29.04% in 2022, then advanced by 22 bps to 35.45% in 2023, then advanced by 26 bps to 44.6% in 2024, then declined by 25 bps to 33.27% in 2025, then slumped by 60 bps to 13.15% in 2026.
- Business Quant data shows DOCS's Net Margin at 13.15% in Q1 2026, 33.27% in Q4 2025, and 36.82% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 39.72 Bn | 32.40 Bn | 662.02 Mn | 29.55% |
| 2 | BrightSpring Health Services | 12.19 Bn | 11.64 Bn | 492.75 Mn | 2.18% |
| 3 | Healthequity | 8.79 Bn | 8.52 Bn | 256.31 Mn | 19.57% |
| 4 | 10x Genomics | 7.31 Bn | 6.76 Bn | 112.50 Mn | -11.87% |
| 5 | Hinge Health | 7.10 Bn | 6.71 Bn | 183.95 Mn | 20.25% |
| 6 | MiniMed | 5.66 Bn | 5.36 Bn | 480.00 Mn | -22.10% |
| 7 | Waystar Holding | 4.76 Bn | 4.56 Bn | 221.99 Mn | 12.78% |
| 8 | Doximity | 4.46 Bn | 3.77 Bn | 132.93 Mn | 15.53% |
| 9 | Heartflow | 3.66 Bn | 3.28 Bn | 53.19 Mn | -24.57% |
| 10 | Privia Health | 2.78 Bn | 2.42 Bn | - | 1.54% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.53% |
| Mar 31, 2026 | 13.15% |
| Dec 31, 2025 | 33.27% |
| Sep 30, 2025 | 36.82% |
| Jun 30, 2025 | 36.54% |
| Mar 31, 2025 | 45.17% |
| Dec 31, 2024 | 44.60% |
| Sep 30, 2024 | 32.27% |
| Jun 30, 2024 | 32.66% |
| Mar 31, 2024 | 34.41% |
| Dec 31, 2023 | 35.45% |
| Sep 30, 2023 | 26.94% |
| Jun 30, 2023 | 26.19% |
| Mar 31, 2023 | 27.64% |
| Dec 31, 2022 | 29.04% |
| Sep 30, 2022 | 25.74% |
| Jun 30, 2022 | 24.69% |
| Mar 31, 2022 | 39.58% |
| Dec 31, 2021 | 56.85% |
| Sep 30, 2021 | 45.48% |